RealD Q2 Profits Beat Expectations, But Stock Falls 13%

Revenue climbs 35 percent to $88 million, but falls short of analyst expectations

Captain America, Harry Potter and other summer movie stars helped RealD's second quarter profits exceed analyst expectations on Wednesday. 

Revenues at the 3D company jumped 35 percent to $88 million from the same quarter last year. 

However, RealD's revenue fell just short of Wall Street's prognostications. 

The 3D company also saw its net income climb to $18.9 million, or $0.33 per diluted share, up from a net loss of $5.1 million, or $0.12 per share in the year ago period. 

Analysts had predicted profits of 22 cents a share and revenue of $94.4 million, according to Thomson Reuters.

Revenue from licensing the company's 3D systems jumped 119 percent to $52 million from $23.8 million in the year ago period. 

Despite the relatively robust fiscal picture, shares of the company dropped more than 13 percent to $9.78 in after-hours trading. 

RealD also announced that Samsung has decided not to move forward with a previous initiative to manufacture 3D panels with the company's license. RealD said it was pursuing other partners. 

 


  

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